sovereign default

Top 10 Riskiest Sovereign Debt

A report by CMA Vision evaluates the risk of sovereign default globally.

The top 10, with a probability ranking of default within 5 years are:

  1. Venezuela 57.7
  2. Ukraine 54.6
  3. Argentina 49.1
  4. Latvia 30.1
  5. Iceland 25.4
  6. Dubai 25.1
  7. Lithuania 19.3
  8. Greece 17.4
  9. Romania 17.2
  10. Lebanon 17

Both Greece and Romania are new entries into the top 10.

Of the world's safest sovereign debt, the United States ranks 8th. Norway is #1. In fact all of those silly socialist countries are ranked in the top safest.

The report notes:

Both the USA and UK have been among the worst performing sovereign CDS this quarter- the UK is some 77% wider, the USA out by nearly 66%.

Dubai considers debt default

I don't think anyone saw this one coming.


The scary thing is that if it can happen to Dubai it can happen to almost anyone.


United States Risk of Default Jumps




